Step 1: Project Free Cash Flow
The most recent Free Cash Flow (TTM) value is
34.58M
as of Mar 31, 2025.
We will project this out 5 years with a yearly growth
rate of
10.46%.
Starting with 34.58M and growing at 10.46%
for 5 years, we estimate Free Cash Flow will be
56.87M.
Step 2: Project Future Diluted Shares Outstanding
The most recent Diluted Shares Outstanding value is 25.12M.
We will project this out 5 year(s) with a growth rate
of 5.45%.
Estimated Diluted Shares Outstanding: 32.75M.
Step 3: Project Future Stock Price
Using a price ratio of 7.76, formula: (Future Free Cash Flow ÷ Future Diluted Shares Outstanding)
× Price Ratio
(56.87M ÷ 32.75M) × 7.76 =
$13
Step 4: Project Future Dividends Paid
Forward dividend per share: $0.3.
Projected over 5 years with a growth rate of
8.45%, dividends add to total shareholder return.
Expected dividends in 5 years:
$1.8372368598389568.
Step 5: Discount the Projected Stock Price
Projected stock price: $13.
Including dividends, total future value: $14.84.
Discounted at 10% per
year over 5 years → Fair Value:
$9.
